Gold is trading around 3,907 on the H1 chart after rebounding from the 3,872.829 Key Support. Despite the recovery, price remains below the descending trendline and the broader structure is still bearish.
Market Drivers
Gold has stabilized after Friday’s sharp selloff, with softer oil prices helping ease inflation concerns and providing some relief to precious metals. However, markets still expect the Fed to remain restrictive, with pricing showing elevated odds of another December hike. This week’s U.S. manufacturing data and Friday’s employment report could bring another shift in USD, yields and Gold volatility.
Technical
The H1 recovery is approaching the 3,962.532 Lower-High Resistance, while the descending trendline continues to cap upside attempts.
A rejection from this area would keep the bearish sequence intact. The first downside reference is 3,872.829, followed by 3,822.672 Major Reaction Support.
Main Scenario
The main scenario favors a relief rebound into 3,962.532, followed by potential rejection.
If sellers defend the lower-high resistance, Gold could rotate back toward 3,872.829 and potentially extend toward 3,822.672.
Key Zones
3,982.305 — Key Resistance
3,962.532 — Lower-High Resistance
3,872.829 — Key Support
3,822.672 — Major Reaction Support
Invalidation
A sustained H1 reclaim above 3,982.305 would weaken the bearish continuation structure and suggest that buyers are regaining control.
Tiara’s View
Gold is attempting a recovery, but the H1 structure remains bearish below 3,962–3,982. The reaction from this resistance zone will be important in determining whether the next move targets 3,872 or extends deeper toward 3,822.
Market Drivers
Gold has stabilized after Friday’s sharp selloff, with softer oil prices helping ease inflation concerns and providing some relief to precious metals. However, markets still expect the Fed to remain restrictive, with pricing showing elevated odds of another December hike. This week’s U.S. manufacturing data and Friday’s employment report could bring another shift in USD, yields and Gold volatility.
Technical
The H1 recovery is approaching the 3,962.532 Lower-High Resistance, while the descending trendline continues to cap upside attempts.
A rejection from this area would keep the bearish sequence intact. The first downside reference is 3,872.829, followed by 3,822.672 Major Reaction Support.
Main Scenario
The main scenario favors a relief rebound into 3,962.532, followed by potential rejection.
If sellers defend the lower-high resistance, Gold could rotate back toward 3,872.829 and potentially extend toward 3,822.672.
Key Zones
3,982.305 — Key Resistance
3,962.532 — Lower-High Resistance
3,872.829 — Key Support
3,822.672 — Major Reaction Support
Invalidation
A sustained H1 reclaim above 3,982.305 would weaken the bearish continuation structure and suggest that buyers are regaining control.
Tiara’s View
Gold is attempting a recovery, but the H1 structure remains bearish below 3,962–3,982. The reaction from this resistance zone will be important in determining whether the next move targets 3,872 or extends deeper toward 3,822.
Trade active
Gold is still following the bearish structure after rebounding from the 3,872 key support and reaching the 3,962 lower-high resistance. Price has reacted below this zone and remains capped under the broader descending trendline, keeping sellers in control for now. As long as Gold stays below 3,962–3,982, downside pressure can return toward 3,872. A clean breakdown of that support would expose the next major reaction area near 3,822, while a strong reclaim above 3,982 would weaken the bearish scenario.
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🌸Tiara PrimeGold·XAUUSD·Price Action made simple
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Daily analysis update real time London & NY session
t.me/+9K3kUAe9Y0kzYzA1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
t.me/+9K3kUAe9Y0kzYzA1
Daily analysis update real time London & NY session
t.me/+9K3kUAe9Y0kzYzA1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.